Name:
Vizag Steel
No. of employee:
17,838 (as on 31.03.2017)
Area of Work:
Manufacturing of Iron and Steel products
Mission.:
Being a PSE, the purpose of RINL is to play a crucial role in India’s industrialization, economic development, promoting self-reliance in core sectors of the national economy, employment generation, development of backward areas and local communities, etc. The company has been contributing to the Government exchequer, with a cumulative contribution of more than 33,000 Crs since inception and has also redeemed preferential share capital of 2,937 Crs to GoI in 5 years from 2011-12 to 2015-16.
Vision:
Being a PSE, the purpose of RINL is to play a crucial role in India’s industrialization, economic development, promoting self-reliance in core sectors of the national economy, employment generation, development of backward areas and local communities, etc. The company has been contributing to the Government exchequer, with a cumulative contribution of more than 33,000 Crs since inception and has also redeemed preferential share capital of 2,937 Crs to GoI in 5 years from 2011-12 to 2015-16.
Summary of Activities:
Manufacturing of Iron and Steel products, by-products etc.
Products Exporting:
exporting wire-rods, billets, sheets to Aisan countries
Corporate Social Responsibility (CSR)
:
| S.No. |
Year
|
Net Profit
|
CSR Budget
|
CSR Expenditure
|
Areas of Expenditure
|
Details
|
|
|
Product(s) :
| S.No. |
Title |
Quantity |
Details |
|
|
| 1 |
NA |
5.5 Million Tons of liquid metal produced FY 18-19 | RINL manufactures Re-bars, wire rods, rounds, structurals, blooms and billets. The company also markets pig iron, by-products like coal chemicals (Ammonium Sulphate, Benzol products etc.) and slag. |
| 2 |
Power generation |
25 billion units | The company has also ventured into oil and gas exploration and coal mining activities. It is the largest power company in India with an electric power generating capacity of 53,651 MW.[4] Although the company has approx. 16% of the total national capacity it contributes to over 25% of total power generation due to its focus on operating its power plants at higher efficiency levels (approx. 80.2% against the national PLF rate of 64.5%).NTPC currently produces 25 billion units of electricity per month. |
| 3 |
Power generation |
25 billion units | The company has also ventured into oil and gas exploration and coal mining activities. It is the largest power company in India with an electric power generating capacity of 53,651 MW. Although the company has approx. 16% of the total national capacity it contributes to over 25% of total power generation due to its focus on operating its power plants at higher efficiency levels (approx. 80.2% against the national PLF rate of 64.5%).NTPC currently produces 25 billion units of electricity per month. |
R&D Plan(s)
:
| S.No. |
Year |
Budget |
Need |
Plan |
Details |
|
|
| 1 |
2018 |
20.06 crores | Consultancy | NA | NA |
| 2 |
2019 |
0 | Process/Know-How | NA | NA |
| 3 |
2019 |
0 | Process/Know-How | NA | NA |
Report(s) :
| S.No. |
Year |
Type |
Title |
Link |
Detail |
|
|
| 1 |
2018 |
Annual Report | Annual Report Vizag Steel FY 2017-18 | Download | NA |
Address(es) :
| S.No. |
Primary/ Alternate Email
|
Mobile/ Phone |
City/ State/ Country |
Detail |
|
|
| 1 |
cmd@vizagsteel.com / | / 08912518301 | Visakhapatnam/ Andhra Pradesh / India | Kurmannapalem, Visakhapatnam, Andhra Pradesh, India
Phone No.0891 – 2518301/2518302 (O)
0891 – 2518237 |
